Form 4: Catalent Director Lucier Reports Share Disposition Following Merger

Director Gregory T. Lucier reports the disposition of his Catalent shares and restricted stock units following the company's merger with Creek Parent, Inc.

Summary

• Gregory T. Lucier, a director at Catalent, Inc., has reported the disposition of his shares and restricted stock units (RSUs) following the company's merger.
• The merger, effective December 18, 2024, involved Creek Parent, Inc. acquiring Catalent.
• As a result of the merger, each outstanding share of Catalent common stock was converted into the right to receive $63.50 in cash.
• Lucier's 36,914 shares were disposed of as part of this transaction.
• His RSUs also vested and were converted into cash, with some exceptions for RSUs granted after the merger agreement date which were converted into restricted cash awards.

Sentiment

Score: 7

Explanation: The document is a standard SEC filing related to a merger, which is a neutral event. The sentiment is slightly positive as the merger was completed as expected.

Industry Context

This merger represents a significant consolidation in the pharmaceutical and biotechnology services sector, where Catalent operates. Such acquisitions are common as larger entities seek to expand their capabilities and market reach.

Comparison to Industry Standards

• Mergers and acquisitions are a common strategy in the pharmaceutical and biotech industry, with companies like Thermo Fisher Scientific and Danaher also making strategic acquisitions to expand their service offerings.
• The valuation of $63.50 per share is a key metric, and it would be compared to other recent acquisitions in the sector to assess its fairness and market value.
• The conversion of RSUs into cash or restricted cash awards is a standard practice in mergers, ensuring that employees and executives are compensated for their equity holdings.

Stakeholder Impact

• Shareholders received $63.50 per share in cash.
• Employees holding RSUs received cash or restricted cash awards based on the merger terms.

Key Dates

Keywords

merger, acquisition, Catalent, Creek Parent, share disposition, restricted stock units, RSUs, director, Gregory T. Lucier